Database and enterprise-software giant Oracle Corporation continues to acquire companies at a feverish pace.
Oracle announced this morning that it has acquired SPL WorldGroup, a provider of revenue and operations-management software for the utilities industry and tax-management software for government organizations.
Said Charles Phillips, Oracle’s president:
With the addition of SPL, Oracle plans to delivers the first end-to-end packaged revenue and operations management solution for investor-owned and public sector utilities. Conventional, customized solutions have proven inefficient, inflexible and costly. Oracle is putting utilities in control to enable greater business insight, increased service profitability and customer loyalty. In addition, SPL’s tax management solution solves the revenue management needs of public sector enterprises.
According to an Oracle press release, SPL management and employees will form a dedicated global utilities business unit within Oracle, focused on utilities industry-specific solutions, and will continue to support the development of tax-management software for the public sector.